Oman exports drop by 1%
The statistical bulletin issued by the Omani Ministry of National Economy stated that the Sultanate’s foreign trade witnessed a drop of 1% in the total value of export commodities during the first five months of 2004.
The value of these export commodities stood at RO 394,4 million at the end of May 2004, compared to RO 398,4 million during the corresponding period in 2003.
According to ONA, the value of the Sultanate’s exports of oil and gas fell by 5.7% to RO 314 million, compared to RO 333,1 million in 2003.
Non-oil export commodities went up by 56.1% during the same period to RO 34.8 million, compared to RO 22,3 million in 2003.
The value of re-export commodities fell by 6% to RO 45,6 million, compared to RO 43 million at the end of May 2003.
The United Arab Emirates (UAE) topped the countries importing Omani non-oil exports, as it imported goods valued RO 12,5 million at the end of May 2004. The UAE also topped the countries importing Omani re-exports commodities as it imported commodities worth RO. 16,7 million during the same period.
The bulletin concluded that the UAE also topped the list of countries exporting to the Sultanate as the latter imported from the former commodities valued RO 77,7 million by the end of May 2004. (menareport.com)
© 2004 Mena Report (www.menareport.com)